Obligation Charles Schwab & Co. 5.37% ( US808513BD67 ) en USD

Charles Schwab & Co.

100 % ▲

Etas-Unis

US808513BD67 ( en USD )

5.37% par an ( paiement semestriel )

Perpétuelle

Prospectus brochure de l'obligation Charles Schwab US808513BD67 en USD 5.37%, échéance Perpétuelle

1 000 USD

2 500 000 000 USD

808513BD6

BBB ( Qualité moyenne inférieure )

N/A

01/06/2026 ( Dans 112 jours )

Charles Schwab est une société de services financiers américaine offrant une gamme de services de courtage, de gestion de placements et de banque aux particuliers et aux investisseurs institutionnels.

L'Obligation émise par Charles Schwab & Co. ( Etas-Unis ) , en USD, avec le code ISIN US808513BD67, paye un coupon de 5.37% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le Perpétuelle
L'Obligation émise par Charles Schwab & Co. ( Etas-Unis ) , en USD, avec le code ISIN US808513BD67, a été notée BBB ( Qualité moyenne inférieure ) par l'agence de notation Standard & Poor's ( S&P ).

FWP 1 d896533dfwp.htm FWP
Filed Pursuant to Rule 433
Dated April 27, 2020
Registration Statement: No. 333-222063
THE CHARLES SCHWAB CORPORATION
2,500,000 DEPOSITARY SHARES,
EACH REPRESENTING A 1/100th INTEREST IN A SHARE OF 5.375% FIXED-RATE RESET
NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES G
(liquidation preference $100,000 per share (equivalent to $1,000 per depositary share))
SUMMARY OF TERMS
Issuer:
The Charles Schwab Corporation
Security Offered:
Depositary Shares, Each Representing a 1/100th Interest in a Share of 5.375% Fixed-Rate Reset
Non-Cumulative Perpetual Preferred Stock, Series G (the "Series G Preferred Stock")
Expected Ratings1:
Baa2 (Moody's) / BBB (S&P) / BB+ (Fitch)
Size:
$2,500,000,000 (2,500,000 depositary shares)
Over-allotment Option:
None
Liquidation Preference:
$100,000 per share of Series G Preferred Stock (equivalent to $1,000 per depositary share)
First Reset Date:
June 1, 2025
Reset Date:
The First Reset Date and each date falling on the fifth anniversary of the preceding Reset Date
Reset Period:
The period from, and including, the First Reset Date to, but excluding, the next following Reset Date
and thereafter each period from, and including, each Reset Date to, but excluding, the next following
Reset Date
Dividend Rate (Non-Cumulative):
From April 30, 2020 to, but excluding, June 1, 2025, 5.375%, and from, and including, June 1, 2025,
during each reset period (as defined in the preliminary prospectus supplement dated April 27, 2020
(the "preliminary prospectus supplement")), the five-year treasury rate as of the most recent reset
dividend determination date (as defined in the preliminary prospectus supplement) plus 4.971%
1
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any
time.

Dividend Payment Dates:
Quarterly in arrears on the 1st day of March, June, September and
December of each year, commencing on September 1, 2020
Day Count:
30/360
Term:
Perpetual
Optional Redemption:
In whole or in part, from time to time, on any Reset Date on or after
June 1, 2025, or in whole but not in part, at any time within 90 days
following a regulatory capital treatment event (as defined in the
preliminary prospectus supplement), in each case at a redemption
price equal to $100,000 per share (equivalent to $1,000 per
depositary share), plus any declared and unpaid dividends, without
accumulation of any undeclared dividends
Trade Date:
April 27, 2020
Settlement Date:
April 30, 2020 (T+3)
Public Offering Price:
$1,000 per depositary share
Underwriting Discount:
$10.00 per depositary share
Estimated Net Proceeds to Issuer, After Deducting Underwriting Discount:
$2,475 million
CUSIP/ISIN for Depositary Shares:
808513 BD6 / US808513BD67
Joint Book-Running Managers:
BofA Securities, Inc.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Goldman Sachs & Co. LLC
J.P. Morgan Securities LLC
Morgan Stanley & Co. LLC
Senior Co-Manager:
Wells Fargo Securities, LLC
Co-Managers:
BNY Mellon Capital Markets, LLC
HSBC Securities (USA) Inc.
PNC Capital Markets LLC
U.S. Bancorp Investments, Inc.
We expect that delivery of the Depositary Shares will be made against payment therefor on or about the third business day following the date of
pricing of the Depositary Shares (this settlement cycle being referred to as "T+3"). Accordingly, purchasers who wish to trade the Depositary
Shares on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the Depositary Shares initially will
settle in T+3, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Depositary
Shares who wish to trade their Depositary Shares on the date of pricing or the next succeeding business day should consult their own advisor.
2

The Issuer has filed a registration statement (including a preliminary prospectus supplement and accompanying prospectus) with the U.S.
Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the
preliminary prospectus supplement and accompanying prospectus and other documents the Issuer has filed with the SEC for more complete
information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, the Issuer, any underwriter or any dealer participating in the offering will arrange to send you the preliminary prospectus
supplement and accompanying prospectus if you request it by calling BofA Securities, Inc. toll-free at (800) 294-1322, Citigroup Global
Markets Inc. toll-free at (800) 831-9146, Credit Suisse Securities (USA) LLC toll-free at (800) 221-1037, Goldman Sachs & Co. LLC collect at
(212) 902-1171, J.P. Morgan Securities LLC collect at (212) 834-4533, Morgan Stanley & Co. LLC toll-free at (866) 718-1649.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or
notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.
3